Energy prices - are you fixing???

[Sunandsea21]

Hi, I'd be interested to know people's thoughts re whether you're fixing energy tariffs with all the uncertainty at the moment?

We're currently on a 24p kwh/62p standing charge electric tariff that expires at the end of June. Obviously too early to fix elsewhere without paying the exit fee of £50, but considering fixing early to a 26.5p kwh/70p standing charge and taking the hit with the fee to avoid being stung by a potential price cap increase in July/lock in the certainty (should be announced late May I think) 🤔 on the fence about what to do and would be interested to hear what other people's thoughts/plans are!

I am with Home Energy and moved to them from Octopus a few months ago as their electricity price per kwh was cheaper and we are high users.

My prices from April will be;

Electricity: 21.66p/kwh and 64.19p standing charge

Gas: 5.19p/kwh and 29.29p standing charge

It is not a fix but always aims to be below the price cap. It was cheaper than a fix offered by Octopus, who have also introduced exit fees

I broke a fix to fix for longer shortly after Trump started his war. I think that will be the correct decision, and everything I’ve seen since makes me more certain.

yes I’ve just fixed . I pay for two homes ( mothers and mine ) and fixing gives a bit of certainty in a difficult time

I've been on Octopus Agile for the past month. If you've got a gas cooker, don't often use the oven 4-7pm and can load shift your washing machine and dishwasher to come on at 3am you will save £5-10/month compared to fixed even at todays high rates.

Last week end I ran my washing machine and dishwasher on Sunday morning at 1p/kwh.

So I just went onto British Gas to see if I can switch tariff (fixed until July, I do this regularly if a better tariff comes a long) and there isn’t a single other fixed tariff to switch to (in the app at least) which is a bit worrying.

Mine are fixed until June 2027. Just hope things have settled down by then. 🤞

Think that ship has likely sailed for now but check the whole of the market.

I fixed 5 days ago i believe it was, to a deal £10 a year more than i was on which was british gas cap tracker, so fixed til next march. there was an option yesterday to fix at same price til next june which i was tempted by.

Just fixed for another 2 years today with British gas even though our current fix doesn't end till the end of June. Don't want to chance the price cap rise at the end of July. No exit fee if we change our mind so long as you stay with British gas to move to another supplier £75 per fuel

Yes. Octopus fixed tariff ends soon, we are switching at the end of this month to a fix with Eon (cheapest option not including Utility Warehouse who I would never sign up to for numerous reasons, not least the way half their customers become 'partners' and hassle everyone they know to also sign up to them).